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PBS
Nov 20, 2012 7:00pm PST
to their neighbor's economies. chinese and south korean officials have already begun talks on a free trade deal between their countries. now negotiators involved in discussions for another free trade zone in the asia pacific say they hope to conclude an agreement by the end of next year. they're trying to strike a deal for what's known as the trance pacific partnership or tpp. leaders of seven of the 11 countries discussing the u.s. life led on the sidelines of the east asia summit. the negotiators wanted to conclude a deal by the end of this year, but they couldn't agree on how to eliminate tariffs and they're still divided on other issues such as whether they will allow exemptions to the rules. australian prime minister julia gilliard said an ambitious deadline would be to reach agreement by next oblt. the negotiators will meet again next month in new zealand. >>> january 1, 2013 marks more than just the new year. for americans it could be the beginning of simultaneous tax hikes and spending cuts. >> talking about the fiscal cliff and everyone is talking about it including the u.s. federal re
CSPAN
Nov 22, 2012 9:45pm EST
are in a complex economy that really relies on organizations to provide us with necessities. so we have to everything you and the longer-term, focus on stories that represent trends do not exaggerate noise and we have to get away from here. so fear play the role in the development of human societies in the earliest stages is encoded in our dna. but to evolve to this complex modern environment we live in, we have to update. so that's a sure question speaks to you. >> host: are you fearful venture capitalists? >> guest: you know, the opposite of that is maybe you say well, venture capitalists has to be inherently optimistic, you know, because why would you invest in some thing that the returns and so forth. telling about and prosperity, that is history easily care to race. this is not to miss the. from my stand point i think about optimism about the definition of an optimist if somebody was systematically latepromoter desiccate the true distribution of outcomes is. and the pessimist if someone has systematically really. they are there an hour in advance. anything could've happened. had to
PBS
Nov 23, 2012 8:00pm PST
in washington, d.c. and an example of a dysfunctional process. that threatens our economy and millions of people across our economy. pete: is stalemate in washington stifling the economic recovery? joining us this thanksgiving week, peter baker of "the new york times." molly ball of "the atlantic." and jim tankersly of "national journal." >> award winning reporting and analysis. covering history as it happens. from our nationas capital, this is "washington week with gwen ifill." produced in association with "national journal." corporate funding for "washington week" is provided by -- >> we know why we're here. to chart a greener path in the air and in our factories. to find cleaner, more efficient ways to power flight. >> and harness our technology for new energy solutions. >> around the globe the people of boeing are working together. to build a better tomorrow. >> that's why we're here. >> this rock has never stood still. since 1875, we've been there for our clients through good times and bad. when their needs changed, we were there to meet them. through the years, from insurance to investment
CSPAN
Nov 26, 2012 8:00pm EST
on the economy. the washington post writes that the white house is ratcheting up pressure to avoid the fiscal cliff. on c-span tonight, we will bring you some of the house and senate debate from august of 2011, when congress passed the budget control act that triggered cuts to take effect on january 1. we will also hear from president obama, who signed the deficit reduction measure into law, part of the deal to raise the debt ceiling. first, senate majority leader harry reid and republican majority leader mitch mcconnell will talk on the senate floor about the january fiscal deadline. >> since our country voted to return president obama to the white house, i have spoken often about compromise. i remain optimistic that, when it comes to our economy, when it comes to protecting middle-class families from a whopping tax hike, republicans and democrats will be able to find common ground. president dwight eisenhower, a republican, once said, "people talk about the middle of the road as though it were unacceptable. there have to be compromises. the middle of the road is all usable space." so said w
CSPAN
Nov 25, 2012 2:45pm EST
" and paul krugman, author wrote train to talk about problems facing the u.s. economy for about an hour 45 next on booktv. [applause] >> well, thank thank you very m. thanks to the passionate attitude and technology in shakespeare books for hosting the event this evening. i also am very excited. i think we are all very excited to see probably two people who i would say are unquestionably the most cited economists in the world today. [applause] in addition to being most cited, and as you all know, those are noble laureates, i would have to say from the vantage point of the institute of economic thinking that if i were to nominate two people as being the most courageous economists in the world and the most impactful, the subpoena to find a list. so we're very excited to be part of this conversation. [applause] as you know, each of them has written a book that pertains to our current challenges and circumstance. joe stiglitz spoke, "the price of inequality" and paul krugman's book, "end this depression now!" are part of your goodie bag tonight. therefore on behalf of them i will thank you for
CNN
Nov 25, 2012 12:00pm PST
investing, and ultimately that's what gets the economy going at a rate that we haven't yet enjoyed so far in this recovery. >> then, dan, are we feeling this way? you share the view that we are not -- we're not done with the fiscal cliff. we're not going to suddenly solve our fiscal problems. we certainly haven't been talking it up on the spending side. we've agreed -- we haven't agreed but there seems to be a movement toward the idea that some taxes will go up on the high end and the middle class won't see much of a tax increase. are we justified? >> i think the typical consumer is not like you and me and the other guests there. the typical consumer makes about $60,000 a year for their family. they're not getting tax dividends so they're not freaked up about those going up. they're concerned about their paychecks and paychecks have been more steady for the first time in several years, wages have gone up a little bit, and the biggest asset people own is a house. it's not just a volume of sales rising and construction but home values. and so with every passing week, a certain number of peo
FOX Business
Nov 21, 2012 4:00pm EST
. warning the whole economy could be at risk because of that. lauren: which companies make the naughty and nice list. some retailers that were very good and some that should be pulled. david: let's tell you what drove the market with the "data download." stocks pushing higher with nasdaq and s&p posting four straight days of gains. hewlett-packard led the dow higher. the top performing sectors, while utilities lag. consumer confidence soaring to a five-year high, consumer sentiment index edging up nearly 30% higher than just a year ago. fewer americans filing first-time applications from plymouth benefits last week as impact subsided a little bit. weekly jobless claims fell a seasonally adjusted 410,000. lauren: the pits of the cme joining us, giving their strategy for protecting yourself from the potential fall off the fiscal cliff. the markets were kind of a honeymoon today. where the traders not concerned about the fiscal cliff? what went on? >> the fiscal cliff was so widely expected is becoming a non-event at this point. the market managed to eke out a gain today. the european iss
CSPAN
Nov 27, 2012 8:00pm EST
've spent a good deal of your career working on, mr. hall, has been the improvement of the american economy. and tonight i'd like to join a couple of my colleagues on the democratic side to talk about the economy and specifically to talk about jobs and the things that we can do here in the a winning days of this congress -- wanning days of this congress to create some job opportunities. we've got some very heavy lifting here in congress in the next month and a half. everybody wants to talk about the fiscal cliff, some talk about austerity, bomb, others talk about what needs to be done to lift the debt limit. and all of these issues are before us. tax increases are not. but underlying all of that, foundational to all of that, is putting america back to work. getting americans back into their jobs. if we do that we will clearly increase employment and when you increase employment you always increase tax revenue to the federal government, to state governments and local governments. so our principle task as i see it and i think i'm joined by many of my colleagues, both democratic and republican
CNBC
Nov 27, 2012 4:00am EST
and extend the maturity of existing loans. mark carney prepares to take up the reigns of the uk economy any. unlikely to be any good news. third quarter gd figures expected to be revised down. and it's point, click, buy. americans were doing plenty of that yesterdays as early reports suggest online holiday sales soared on cyber monday. and all bets are off. prediction market entrade says it can no longer accept u.s. customers as market regulators say its trades aren't legal. shanghai composite closed below 2,000 for the first time in three years. it comes at a time when plenty have been talking up chinese growth prospects for next year. so we'll get into that more later. but 1991 is the closing level. this the main one to watch across asia. the nikkei did manage to continue it rally adding about 0.4% as the yen weakens on comments this morning. forex, the dollar-yen one to watch, 82.19 is the level there. the aussie dollar doing a little bit abouter despite that weak number on the shanghai composite. sterling is flat. we'll get into that more later. and euro-dollar just barely higher today,
Current
Nov 27, 2012 7:00pm PST
. >> obama: by 2025, the average fuel economy of their vehicles will nearly double to almost 55 miles per gallon. it will save a typical family more than $8,000 in fuel costs over time. >> jennifer: now of course, if you get an electric vehicle like i have, it is over 250 miles per gallon if you go to the gas at all. anyway, if president obama likes it then the right wing, of course, must hate it! and they do. with a passion and vitriol that is usually reserved for the war on christmas and misplaced birth certificates. >> even with the $7500 federal rebate or whatever you get for it, it is still beyond pricy for a fred flintstone car. >> trying to push this crazy green agenda. we're twice the size. >> i can't tell you how annoying. get out of car. go in the trunk. get this long cord. hook it into the side. plug it into the wall. >> first world problem. >> it was raining. i'm worried i'm going to get electrocuted. >> the electric car is about taking away choices from the american people about -- the electric car i
CNN
Nov 24, 2012 10:00am PST
's what gets the economy going at a rate that we haven't yet enjoyed so far in this recovery. >> so why? why then, dan, are we feeling this way? you share the view that we are not -- you're not done with the fiscal cliff. we're not going to suddenly solve our fiscal problems. we certainly haven't been talking enough on the spending side. there seems to be movement toward the idea that some people's taxes will go up at the high end. middle class won't see much of a tax increase. why the optimism? are we justified? >> well, i think the typical consumer is not like you and me and our other guests here. the typical median income is $60,000 a year for a family. they're not getting a lot of money from capital gains and dividends. they're not freaked out at the prospect of those going up. they're concerned about what is in their paycheck. paychecks are morsteady than they had been any time the last few years. wages are going up a little bit. the biggest asset that anybody owns is a house. we finally seem -- it's not just the value of sales rising and construction but home values. and so with e
CSPAN
Nov 28, 2012 7:30am EST
, it is not a recession, it has been building for decade-sapping the ability of the american economy to grow, and the average american to rise. to make the u.s. less competitive, less attractive for business, we go back to the fiscal cliff discussion over and over again because unless we get the economy really moving and growing in a long run, these budget problems will occur over and over again. we have identified eight areas where we find, these things would move the needle in a reasonable time frame, two or three or four years we start to see impact and there's quite bipartisan support. and the sustainable budget compromise. number 2, easing immigration now. we need a broader immigration reform, but it is one of the abilities to move rapidly to inject skill to the economy to fill jobs we badly need to fill to sustain our growth. it is not long term solution to the skill problem in america but a critical step we need to take to move the needle. we have got to simplify and realize the corporate tax code. everybody agrees. we just did a survey that included a loss of members of the general p
CNBC
Nov 28, 2012 4:00am EST
's really thinking that we're going to get this full 3.5%, 4% gdp hit smack into the economy on january 1st. the problem is that time is marching on. we've had the election, we've had thanksgiving. the excuses are running out. the lame-duck session is only so long. that's probably why the markets are getting nervous. although you may get a deal done in q-1 rather than in q-4, the fact that it actually hits from january 1st is going to keep business very cautious, very defensive and that's going to worry the equity market. >> it's interesting because it also comes against the landscape where we've seen chinese equities underperform, they reminded us very few of its member countries have great growth prospects going forward. that's probably wise. people are saying why is it that across the globe the u.s. fiscal cliff is such an issue. well, it's because sources of growth at this point are few and far between. >> that is the problem. where is growth going to come from. the one place that looked set for a reasonable 2013 was the u.s. economy. europe flat, china slower probably than this year. b
CNN
Nov 26, 2012 1:00pm PST
that could very well damage the economy. but the air of compromise among some notable republicans is definitely grabbing attention. the republicans' comments quickly caught fire. >> i will violate the pledge, long story short, for the good of the country, only if democrats will do entitlement reform. >> a pledge you signed 20 years ago, 18 years ago is for that congress. the world has changed and the economic situation is different. >> i'm not obligated on the pledge. i made tennesseans aware, i was just elected, that the only thing i'm monitoring is the oath that i take when i serve when i'm sworn in this january. >> reporter: gop lawmakers bluntly stating to alert the fiscal cliff, they're ready to break from grover norquist and the pledge he's got most republicans to sign to never raise taxes. norquist waste nod time hitting back on cnn's s"starting point" >> it doesn't pass the laugh test. if you want to go to your voters and say, i promised you this and i'm breaking that problem, you can have that conversation with them. but you don't have an argument with me. you've made a c
CSPAN
Nov 21, 2012 9:00am EST
is to talk about the economy. but i would say something is. romney only emphasized -- very quickly. we cannot run only on an economic message. we have the full conservatives on social issues, on the national security, and on the economy. spent and aspirational. aspirational a mechanism where you are free to go as far as you want to go and to do what you want to do. and you are right about the hispanic community, especially they are very and trunk -- entrepreneurial. guess what. they start liking free government less. >> unfortunately, we're out of time to want to thank you all for coming today. please join me in thanking our panelists for this terrific presentation. [applause] [inaudible conversations] >> tonight in primetime we get a closer look at the presidential election. we have from president obama's former campaign manager and republican strategist steve smith. that's and university of delaware and starts at 8 p.m. eastern. here on c-span2, author mark friedman talks about how more baby boomers are entering into a second careers. he's the author of the big shi shift. that's also at 8 p
CSPAN
Nov 28, 2012 5:00pm EST
different elements of our economy deal with d.h.s. with support of others coming up with what would be best business practices and then if those best business practices were adopted by those within that element of the economy, they would get liability protection, liability immunity. now, some say, wait a second. that leads to a slippery slope that the government will come in and crash in on you. i don't know the perfect answer but i can trying for the lightest regulatory approach we could have. and those worried about the federal government coming in heavy-handed are truly concerned about that, they ought to think about this. if we have a successful cyberattack against a part of our critical infrastructure, my fear is that congress and whoever's present at the time will overreact because the public will require it. wouldn't it be better for us to anticipate it? wouldn't it be better for us to get ahead of the crises and then have a means by which we defend against it? we know we're not ever going to be totally 100% successful. so when it happens to diminish the impact on whatever critical i
CNBC
Nov 23, 2012 4:00am EST
about the german economy. suggests we may be heading into possibly contraction territory. expecting it to be around 99.5 versus 100. expectations entex is frft at 93.2, unchanged from the previous reading. not out yet. kathleen brooks is with us. i'm not sure why we don't have it but anyway, whatever your expectations are for this, how close is germ 234i going to skirt with contraction in the fourth quarter? >> it certainly has been slowing down and it looks like there's the possibility that even germany is starting to have some mild contraction and maybe even in the technical recession i would think over the next two quarters. the economic indicators have been coming down in determine any, there had been an expectation that consumption kicks up more in the country. which it has a little bit, but a little less than maybe people have been expecting. obviously the fallout from the international crisis and the backdrop is not really helping. >>. >> euro-dollar edging up to a three week high. growth numbers don't seem to mary ann awful lot to the traders. >> no. it's been able to shrug
CSPAN
Nov 27, 2012 7:00am EST
going to make the economy worse. they just keep pumping more debt in the the economy. host: you are saying go over the fiscal cliff? caller: yes. it is not even enough in my opinion to balance the budget. it is still about three times the average deficit under bush. let us go back to the clinton tax era. eileen anywhere between republican and libertarian. up -- yes i am not. i lean anywhere between republican and a libertarian. host: what do you make of republicans up on capitol hill -- to sort of a back off the tax pledge that he took when he ran for senate, saying he would not raise taxes. caller: if we are going to raise taxes my important thing is raising them on everybody. because if they try to strike a compromise where only the rich get taxed, then it gets more progressive. it is not a point to help the budget. we are right to raise taxes, raise them all the way down to where clinton had them. host: senators lindsey gramm represented peter king, talking publicly abandoning the pledge of democrats will talk seriously about entitlement reforms. rest in peace, grover norquis
CSPAN
Nov 21, 2012 1:00am EST
by the federal open market committee to support the economy. in addition, i will discuss important economic challenges our country faces as we close out 2012 and move into 2013, in particular the challenge of putting federal government finances on a sustainable path and the longer run while avoiding actions that would endanger the economic recovery in the near term. the economy is continuing to recover from the financial crisis and recession, but the pace of the recovery has been slower than fomc participants and others had hoped or anticipated when i spoke here last, three years ago. indeed, since the recession trough in 2009, growth in real gdp has averaged only a little more than 2% per year. similarly, the job market has improved over the past three years, but at a slow pace. the unemployment rate, which peaked at 10% in the fall of 2009, has since come down 2%, to just below 8%. this is a welcome decline, but it has taken a long time to achieve the progress, and the unemployment level is still well above its level prior to the onset of the recession and the level that our colleagues an
CSPAN
Nov 28, 2012 10:00am EST
to it happening. there's also a consensus right and left it would be bad for the economy. so i think that when we are just looking at the tax component, there are certain things that we kev knitly -- definitely need to do. patching the a.m.t. for the first year is big. if we don't get a deal on the rest of the tax cuts until early 2013, i don't think that would be the worst thing for the economy. i do believe that it is kind of a little more of a slope. i do think that there is -- i think that the worst part of the fiscal cliff are going to be avoided, and beyond that i think that both sides if they don't come together then we have a lot more revenue, and then we could do something like tax reform on top of that higher revenue, which would still bring in some revenue, yet at the same time satisfy a lot of republican demands for possibly lower rates. again, we can cross that bridge when we get to it. right now i think we won't -- if there is going to be a deal in this lame duck session, we are not going to know until the very end. host: thank you, gentlemen. appreciate your helping us out with thi
CNBC
Nov 21, 2012 4:00am EST
this drags on, the uncertainty continues to hurt the economy and continues to undermine markets. >> james nixon, thank you. autonomy's ceo says he's shocked by allegations of mismanagement. they've been forced to take a nearly $9 billion charge because of what it called serious improprieties. lynch says the trouble arose after hp took over the company. >> we've been talking about a massive elephant in the room that wasn't spotted. the reason it wasn't spotted is very simple, it wasn't there. it was done, in their own words, meticulously and great detail. and then they actually ran the company, including doing all of the books for the last four quarters. >> hp shares down 12% yesterday, closing on a ten-year low right now. that is the euro's closing price. >>> still to come later, he's now apologized to the investors for the poor call and says the end for hp is not even sight. >>> also, japan has posted its worst trade deficit in october for more than three decades. exports dropped sharply amid territorial tensions between tokyo and beijing. it indicates the world's third biggest economy i
CSPAN
Nov 24, 2012 11:00pm EST
by 20% stuff like that. the old problem was not enough spending in the economy. one player that should have been spending more was the government thinks to adolf felt hitler they did but they should have been doing to increase spending. there is overwhelming confirmation and this is a time to have the government spend more would pit -- but people to work and put capital to work it is hard politically because it is hard to persuade people which is why some of us write books. [laughter] >> host: someone argue with you to say you do the spending big issue of boost then you fall back. but we did not to. what happened? >> that is interesting story. a lot of people just like montgomery ward was a major store chain. but the major -- but he believed they would come back so he hoarded cash waiting for the depression to come back by the time it was clear they lost their position in the marketplace. is not steadied as much as it should have been but that story of what is going on is about excessive practice with the debt bubble and it burst leaving people stranded with too much debt. what happene
MSNBC
Nov 24, 2012 4:00am PST
's entire economy. we can't afford it and we can't afford to leave it intact. so try as they might, remember the last congress republicans passed a lot of bills out of the house of representatives that tore apart obama care. as even the president calls it now. they didn't go anywhere in the senate and meanwhile, alex, after the thanksgiving break, the principles are expected to get back together to begin negotiating in earnest. as you're right the clock is ticking. just a little bit more than one month to go before the nation heads over that fiscal cliff. al alex? >> 38 days and counting. thanks so much. let's go from the white house to the middle east now. palestinians and israelis are keeping a cease-fire alive. but many call the truce extremely fragile. an attempted border breach threatened the calm yesterday. israeli forces shot and killed a palestinian man. he was one of hundreds testing israeli security at the border. nbc's martin fletcher is live for us in tel aviv. good saturday morning to you, martin. can this shooting jeopardize the cease-fire? and then when does the next phase beg
CSPAN
Nov 27, 2012 1:00am EST
-class jobs. it is essential to the growth of our whole economy. on our agenda, a money long list, is our competitors drop world all have strategies. we need an effective game plan to out-produce, out-innovate, out-build, and out-invest our competitors. we must develop plans to increase manufacturing and manufacturing jobs. and infrastructure bank. with me on the podium is the chairman of the policy committee. who will champion the infrastructure which the president mentioned a few minutes ago. we need to facilitate the efficient, private sector investment and infrastructure. we need to compete from broadband systems. with an infrastructure bank, we will be able to out-build a partnership between the public sector and private sector. clean energy. clearly, that is the future. that is the vision we have of an america that has powered itself by clean energy. we need to invest in clean energy to create jobs and make america competitive in the most important, new economic sector. china is doing that. europe is doing that. america must do that. it is doing it as a result of a bill we passed, t
CSPAN
Nov 25, 2012 2:00pm EST
and argues that it hurts the economy. this is about 40 minutes. >> and howard hughes for research at the manhattan institute. thank you for joining us. the question of whether and how governments, particularly the federal government direct tax dollars to industries was a discussion last night presidential debate and is becoming an ongoing theme in the campaign. the term on which the finance and industries have also been the focus of intense debate, but probably the most contentious example of all is the one on which diana furchtgott-roth of the manhattan to senior fellow and speaker this afternoon focuses and are tightly regulating to disaster, have green jobs policies are damaging america's economy. in fact, she subjects the assumptions and policies which led to such elevated as of now bankrupt seller paid no manufacture as well as the electric car battery manufacturer to a withering analysis, which we at the institute have come to expect from this oxford trained economist who served as chief of staff of the council of economic advisers -- sorry. during the administration of pres
FOX Business
Nov 23, 2012 10:00pm EST
to destroy the economy. no one in their right mind is going to allow that kind of increase to devastate the economy. lou: that's a good point. it's interesting that no one is talking about the fact that individual tax payment, 26% of the bush tax cuts over the past two years, the answer here is this. i just want to see everybody be happy. let me turn to benghazi. there is a palpable sense in washington dc right now. i don't believe the congress has the strength or the tools to actually penetrate the veil of denial and secrecy and opaqueness that is this administration and what it has done. now, when you think this is? >> the attorney general has to do this. lou: can you really see eric holder doing that? saying that we will investigate ourselves? >> if he doesn't do an independent investigation, you have the very people who have floated the idea of prosecuting general petraeus, there are all kinds of things they might do to him. there is all kinds of pressure that can be brought about. lou: are you saying that you don't think, i was speaking earlier with. rinsing, you don't think it's a
MSNBC
Nov 25, 2012 7:00am PST
.s. economy and millions of american families have been struggling with unemployment and underemployment, net sales for the walton family has grown more than $70 billion since the start of the great recession. now, a lot of those families in the bottom half struggling with underemployment are in fact walmart workers. a leaked internal document revealed that the base pay at the sam's club stores can be as low as $8 an hour. that's a mere $16,000 a year. with wage increases in drips and drabs as low as 20 or 40 cents per hour. one study found that walmart employees in california were nearly 40% more likely to use public assistance to make ends meet. costing the state's taxpayers $86 million annually. that means people with jobs in that state are still having to turn to the public safety net to get by. because working at walmart is not sustainable employment. if walmart became the standard across all retailers in california, taxpayers would have to subsidize their fellow workers with an additional $410 million a year. yet according to a study by the policy development and advocacy administration
FOX Business
Nov 23, 2012 2:00pm EST
, even in an obama economy. we have all the information you need to rake it in, even when they say it's not, it's always about money. ♪ >> starting off, oil and energy, hosting money from houston, i sat down for an exclusive one-and-one with the ceo and co-founder of ki in, -- kinder morgan. we focus on the future of the energy business and natural gas. this is what he said. >> we need to have a level playing field. we need to have, in the energy field, for example, we have just tremendous opportunities, particularly in the natural gas area. we got a game changer here. we got a fuel that's cheap, abundant, domestic, plentiful.g we ought to be doing everythingp we canlo to exploit that. melissa: fracking for natural gas?oded >> natural gas in general.e the shale place, which, of course, predicated to fracking, but the opportunities forrtun natural gas, you want to talk about response to climate change and reducing co2 emissions, thio is the golden key to open the door more than most renewables will ever be because you move needle with natural gas, and a five to ten year feared, --dea
FOX News
Nov 28, 2012 1:00pm PST
disagreed. you are not going to grow the economy if you raise tax rates on the top two rates. it will hurt small business. it will hurt our economy. that is why this is not the right approach. >> now the guy at the center of the tax storm, oklahoma republican congressman, congressman, he singled you out for calling you out. how do you feel about that? >> i like the speaker. we have a great relationship and we are able to talking directly and honestly with each other and i have no problem with it. i would expect him to express his opinion as he would expect me to express mine. >>neil: he is saying you are precaving. >>guest: that is nonsense. the reality is, tax rates go up for every american on december 31st. if we can make sure that doesn't happen for 98 percent of them and continue to fight for the other 2 percent, that makes a lot of sense and the american people will listen to us in that discussion if they know their taxes aren't going up. we will win the argument. i do believe most people understand raising tax rates is bad for the economy, it costs jobs, it actually in the long term
CSPAN
Nov 21, 2012 5:00pm EST
that in itself says that when the economy is contracting, there is a competitive advantage to having an education. >> has always struck me with my students. apple would much rather have students with a liberal arts background than a background in computer science or engineering. they are much more adaptable and capable of change. i am not aware of this study, but during the late 1990s, the business higher education forum conducted a study of ceos and see what they sought from college graduates. while they expected some skills, what they were really after was individuals that were committed to continuing having had capacity to continue to learn. not only that they are adapted to change that they can drive change and adapt to an increasingly diverse world. in that sense, it really kind of defines the important part of a liberal education is a background the background for this. the other thing i would mention we really need a liberal arts training before they enter these programs. so i think it really reinforces that. >> i think you are very bright about the data. particularly over the long-term. a
CSPAN
Nov 21, 2012 7:00am EST
on the horizon. that's where we begin this morning. how confident are you about the state of the u.s. economy? what steps are you taking to prepare for the potential impact if the u.s. goes off the fiscal cliff? give us a call this morning. you can also catch up with us on all your favorite social media sites, twitter or facebook. or e-mail us. thismorning to you on wednesday, november 21. we are talking about federal reserve chairman ben bernanke's comments yesterday about the fiscal cliff, and getting your thoughts on bthe u.s. economy. and this headline -- also, in the financial times -- to tell little bit more about ben bernanke's , and sister day we turn to david clarke of "politico," their financial services editor. thanks for joining us. guest: thanks for having me. host: what is making the most waves from his speech? guest: in the past he has warned that congress and the president's path to take care of the fiscal cliff. yesterday he said it is not simply doing it but how they do it, making a point that voters will be looking to see if they can do this in a cooperative manner, whether
CSPAN
Nov 26, 2012 12:00pm EST
. >> it is doing it now with china and japan. you have to of the biggest economies in the world in a nightmare situation that raises the fundamental question and up in in this myth that economics draws people together. part of the title today is "mischief or miscalculation?" during the cold war, you could have 17 different spheres of contact with the soviets and it two blew up, you could still have 15 others. there was a lot of heavy investment in figuring out how to court made, communicate, due to escalation and talk if things got bad. in this era, when i look at the amount of time -- the obama administration more so than the bush administration, when officials meet throughout the region, and the discussion attempt to correlate with china, there seems to be a lot of effort to try to coordinate. jim steinberg was the fourth member of this panel, looking at the island dispute and said, they were shocked and surprised by the level of miscommunication, miss assessment, and the dangers of that between china and japan. it raises the question of whether or not -- i agree. i know china wants respect
PBS
Nov 27, 2012 7:00pm PST
want a five-year extension. they argue major economies may not be able to agree to severe reduction targets over the long-term. japanese delegates say they will not join the extended protocol. they want to continue using something called the clean development mechanism. it allows rich countries to earn carbon off sets by providing funds and technology to poor nations to help them reduce their emissions. >>> the people in charge of the site of the world's worst nuclear accident say they have taken a big step in cleaning it up. workers have raised part of a permanent shelter around a reactor at the nuclear plant in chernobyl. the area around the plant is highly contaminated. the workers raised an arched section that will surround the destroyed unit. the number 4 reactor was covered with a concrete and metal structure after the explosion in 1986. the so-called stone coffin deteriorated and could release radioactive substances. they began believe the new shelter in april to go around it. it is 250 meters wide and 105 meters high. government officials say engineers designed the structure
CSPAN
Nov 20, 2012 11:00pm EST
about how enacting comprehensive immigration reform can help on the jobs and economy issue. simply put, immigration reform would create a fair, humane and effective system that levels the playing field for all workers. right now our immigration system doesn't work for anyone but unscrupulous employers. we need to take the power out of the hands of those who are exploiting our current immigration situation and put it back in the hands of workers and fair and honest employers. if all workers have a legal status, employers can't skirt labor laws said they have to pay fair wages and abide the rules. immigration reform is the right thing to do as well as the economically smart thing to do. children should not have to live in fear of their parents deportation every day of their lives and some of the hardest working and most honorable people in our society should not have to be subject to exploitation and harassment. finally, i would just like to say that i'm truly appreciative of the support we have received from the urban league and other african-american leaders on this issue. i know that
MSNBC
Nov 25, 2012 11:00am PST
obama term in office? the economy, the fiscal cliff talks, the president's priorities in the next four years. our roundtable is here. david brooks of "the new york times." msnbc's reverend al sharpton. former ceo of hewlett-packard carly fiorina >> historian and film maker ken burns. and nbc chief foreign affairs correspondent andrea mitchell. and we'll hear from new york congressman, gregory meeks, as we check in on some of the hardest-hit victims of hurricane sandy and see how they offered thanks this weekend while surrounded by destruction. >>> from nbc news in washington, the world's longest-running television program, this is "meet the press." with david gregory. >>> president obama doing his part for the economy over the weekend out holiday shopping as part of small business saturday, picking up several children's book at an independent bookstore in arlington. >>> meanwhile, uncertainty in the middle east. more clashes in egypt over the weekend as police use tear gas this morning to disburse protesters in cairo. i want to start there. we have "new york times" columnist david broo
FOX Business
Nov 20, 2012 9:00pm EST
the fed chairman had to say this afternoon. listen to this. >>n a worst-case scenario where the economy goes off the broad fiscal cliff, the largest fiscal cliff, don't think the fed has the tools to offset that. gerri: don't look at me, can do anything if you can't avoid the fiscal cliff. what did you make of that? speak of the war is quite complicit dumb explicit. if the u.s. goes over the fiscal cliff, the jump in taxes woul likely quickly push the u.s. economy into a recession and there is nothing the fed cado to prevent that from happening. gei: it seems to have unloaded everytng they have, the economy has to come back on its own now. >> they can do with the bank of japan is now supposedly considering, resort to negative interest rate policy. consumerwould be charged to keep money in savings accounts. that is one way getting people to spend, i don't think that is likely to happen anytime soon. gerri: i think that is just crazy talk to lots of viewers. but it is reality. instead of getting paid for putting your money someplace, which is the way it normally happens, instead you have
FOX Business
Nov 24, 2012 12:00am EST
, and they continue to function in an economy with china, india, south korea, and other countries nothr buying into the sanctions, and, thus, they continue to create app economy frustrate sanctions. talk about this, expose it, impose harder sanctions on iran. melissa: what is it we can do about this? >> well, you know, i think it'st more complicated than that in that first of all, turkey supposedly is in a approximatey civil war against iran and syria supporting the opposition so eitherhey are speaking the truth or openly lying, and we can have a much stronger statement from the president looking for regime change inia syria, and all the while turkey funneling millions of dollars to iran. one is a war of words.war second, is also other partners s like dubai who supposedly is ani ally that also is just a hundred miles across the sea from iran, and shifting also some of that ld to them so we have other. players. india's an ally, other allies subverting sanctions through the new identity list gold economyys providing $1 billion to $2 billion a month bypassing t sanctions. melissa: when i heard th
CNN
Nov 24, 2012 6:30am PST
. we'll invent it in america and then become a service-based economy. well, here we are, and these new service sector jobs aren't paying off, literally. right now a job in the leisure and hospitality sector averages $13 an hour. that's $27,000 a year, if you work full-time. retail, not much better. average hourly rate, about $16 an hour. this is the average. it takes into account everyone from the store manager to the stock boy. let me show you one tier higher, manufacturing. bringing in almost $24 an hour on average. that's a solid $50,000 a year. that's also the median income for u.s. households. education and health services, these are important jobs for society. workers there earn an average of $24.28 an hour and also around 50 grand a year. again, if you work fulltime. then there's the very top. those are highly educated, highly skilled and highly motivated. census data show the top 20% making six figures, pulling in almost half of the income in the u.s. for this american recovery to work we need to have a middle, a big, prosperous happy middle. don't you think? it has defined gen
CNBC
Nov 22, 2012 4:00am EST
spain to take the bailout, but of course many things can go wrong including the economy could be even worse than what we just discussed. in that case i think spain would ultimately have to apply. but i don't think they'll do that over the coming weeks. >> all right, ricardo, good to talk to you. thanks for that. don't forget, of course, if you have any thoughts, questions, comments, e-mail us at cnbc.com. it's thanksgiving to u.s. markets, so they're closed, so that means we have a special three hour show for european and asian viewers today. still to come, india's parliament has opened its winter's session for what could be a tough first day back to business for the prime minister. we'll find out what opposition he faces from our correspondent in mumbai. we'll also find out why asian casinos are putting their chips on the table despite slow economic growth in the region. and obama saves cobbler, but many of his turkey friends will end up on the table today. we evaluate the cost of a thanksgiving dinner with a soft commodities expert. all of that and lent more coming up over the cours
CNBC
Nov 26, 2012 6:00pm EST
swath of the economy, i can't stress how important this trend might be. hey, let's take the rails. >> all aboard! >> they've been horrendous in large part because of decline in coal shipments to our power plants which are nat gas. china is building hundreds of coal burning plants. when electricity is used, you'll see stocks like csx and norfolk southern start to bottom. you know what? i think they bottom now. just how powerful is china? consider this. last week we had a truce between the israelis and gazans. it took people by surprise. how can it stay high given the sudden ephemeral peace? oil didn't fall. that's because of rapacious chinese demand. there's europe. deal talks were in the air friday. that means a day when the industrials that had so much riding on return to growth in europe could blossom. they were some of the best actors out there. good news for europe, still good news for the international u.s. banks. they went up, too. jp morgan, goldman sachs. retail. we got terrific news on friday. initial returns from the black thursday which used to be black friday, tremendo
CSPAN
Nov 27, 2012 10:00am EST
. energy is the lifeblood of a thriving economy and society. our future in energy provides the opportunity to significantly assist us in exiting our economic difficulties with jobs and new opportunities in abundance. we need reliable, affordable, and environmentally responsible in terms of supply. i say it is an important day because i believe we find ourselves at a unique point in history at the confluence of urgency and opportunity to them that we should make no mistake about it. -- and opportunity. we should make no mistake about it. if you examine the national intelligence council's global trends 2025 report, you'll find the word "energy" is one of the most repeated factors driving global security over the next 10 to 15 years. this means that achieving well conceived long term objectives depends on visionary action. the defining feature is about being pro-active. not reactive. this demands a sense of urgency and collegiality among the global community them back for the u.s., the united states, it is another critical challenge for our leadership responsibilities the world over. the prop
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